Globe: Winners and IDO Details

We are pumped to be announcing Globe’s Initial Decentralized Exchange Offering (IDO) on Ignition’s decentralized swaps launchpad taking place on Tuesday, May 4th. Congratulations to all the whitelist lottery winners!

There will be a supply of 2,000,000 $GDT tokens for purchase on a first-come, first-serve basis only to confirmed whitelist participants*. If you are one of our lucky winners, be sure to KYC by April 29th at 11AM UTC, or you risk being disqualified*.

Check to see if you are a lucky winner HERE.*

Congratulations to all our lucky golden lottery ticket winners!

Thank you for the amazing response once again for this whitelist lottery! The Paid and Globe communities support resulted in a total of 40,836 valid lottery ticket entries. From the total valid tickets, 9940 are winners, of which 284 are guaranteed Galaxy tier allocations, and 9656 winners selected randomly from our lottery for the Moon pool! The holders of these tickets will now get exclusive access to Globe’s IDO taking place on Ignition on Tuesday May 4th, 2021.

Globe IDO details:

  • IDO Launch: May 4th, 2021
  • Galaxy Pool opens: 11:00 AM UTC
  • Moon Pool opens: 11:30 AM UTC
  • Ticker: $GDT
  • $GDT tokens available for sale: 2,000,000
  • Price per $GDT: $1
  • Allocation size per ticket: $250
  • Vesting: 100% Unlocked at TGE

Got your Ignition Golden Ticket. What Next?

We recommend you sign up on Ignition ahead of time, so you can be logged in with your wallet connected before the pool opens.

Just before the launching of the IDO on Ignition, when the first pool opens, whitelist lottery winners must:

IDO launch on IGNITION FAQ

IDOs launched on Ignition will be following the Ignition token incentive mechanism. We want everyone to be able to successfully participate in each Tier-1 IDO on the platform, so here are a few things $PAID token holders should remember:

  1. Make sure to sign-up on the Ignition Platform before the actual IDO
  2. The moment the Whitelist lottery is closed, a snapshot of your wallet will be taken. This is to document the number of valid $PAID tokens you have for the lottery. This will be the basis for the number of lottery tickets you will be given.
  3. Your wallet must HODL at least the same amount of $PAID tokens from whitelist closing, until the end of the actual IDO. Should the amount of valid $PAID tokens drop, your entry may become invalid. You are welcome to add more $PAID tokens during this period, but not deduct from the number held.
  4. You are encouraged to continue HODLing your tokens. Whitelist opportunities will appear on Ignition all the time, don’t miss out, HODL those $PAID tokens.
  5. If you reach the Galaxy tier with 75,000+ tokens you will be automatically given a guaranteed allocation. You will be guaranteed one (1) allocation for every 75,000 $PAID tokens in your wallet.
  6. Not all IDOs on Ignition will have private sale access, in this case Cosmos tier entries will instead be given two (2) guaranteed allocations — one (1) guaranteed allocation for every 75k in your wallet.
  7. There will be at least two (2) pools for IDOs on Ignition:

- The Galaxy Pool: for entries with 75,000+ $PAID tokens. — Those with guaranteed allocations, will be given 1 hour to secure their automatic guaranteed allotment (one (1) allotment for every 75k $PAID tokens). Failure to enter this pool within the time given, will forfeit the guaranteed allotment for the Galaxy tier. It is important to note that if you are given another allocation through the whitelist lottery, you will have to enter the Moon Pool, to redeem those allocations.

- The Moon Pool: for those who have won allotments through the whitelist lottery, one (1) lottery ticket for every 1,000 $PAID tokens. This pool will open after the Galaxy pool closes — all allotments in the Moon pool are available on a first-come-first-serve (FCFS) basis.

FAQs, and the instructions above, are also available in our PAID help center’s knowledge base which you can access here. We’ll be doing our best to have answers to all of your questions as well as instructions on using the Ignition platform there for your convenience, so make sure to bookmark it!

About Globe

Globe is a crypto derivatives exchange where institutions and consumers transact digital currencies like bitcoin via perpetual futures contracts. Perpetual futures are a derivative product that tracks the underlying index price. They’re in high demand as they enable hedging and risk management, short exposure and trading with leverage.

About Ignition

IGNITION is a featured product of PAID Network, operating as a decentralized swapping protocol that allows blockchain-based token projects to offer their private and public auctions. The platform features Ethereum, Binance Smart Chain (BSC), and here shortly, Polkadot functionality.

Ignition is different from other auction platforms in that it properly vets and selects only top-tier cutting-edge projects. Its multi-level incentivization mechanisms for participants of published projects will encourage HODLing that supports both the project founders and the community. It isn’t just a trading platform; it FUELs projects and takes fundraising to the next level.

Ignition brings quality projects, fixed swaps, and equitable lottery participation to the PAID community.

About PAID

PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world.

PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts in order to execute DeFi transactions and business agreements seamlessly.

For any questions for the PAID network, please feel free to reach out to us on:

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